Percentage vs. Pips per Trade vs. Pips per Day/Hour!

What is more effective to opimize from these settings....atfter hour of coding 2day...my head is going round and round....
Please help & explain 4 a newbie!

You want to understand how to get those numbers?

According to me, the best to optimize would be the parameter "sum of earned pips".

Besides, the parameter number of pips/day is wrong. It should better be "pips per trading day".

about % of profitable trades, it is a very bad idea. A lot of profitable traders have a average of less than 50%, and the reverse for non profitable traders.

Before you started this thread .

i was also tinkling that Set TP let say per Trade 10 pips but no SL

Scenario : 1 your First Trade lot got TP of 10 Pips. second trade in same direction and did not hit TP and after couple of hours got short signal than open short trade but you have DD of 30 pips in First trade, in a ways now first long trade hedged by second short trade and it become basket of trades of same symbol, now you got 3rd signal short, second trade is in profit of 20 pips and 3 rd trade is in profit of 12 pips but still all trades will be opened till basket net profit reached to 30 pips (10*3) Profit did not reached to 30 and 4th signal came to short site and now you need basket to have total profit of 40(10*4) once 40 pips profit reached all 4 trades closed (one was short and 3 long). once basket closed on next signal new basket will start....

Please note that basket will be maintained at symbol level.....

But for this you need to run signals on 15 min or 30 min TF

Thanks


Thanks

I think everyone is off track here. Pips on their own are meaningless.
e.g. 1. 10 pips (SL & TP) is the same as !00 pips (SL & TP) if the risk is kept the same. The only thing that matters is % gain or dollar gain.
2. I often see traders here bragging about gaining 200 or 300 pips on one trade, when it turns out that they divided their full position into 10 tiny trades and actually made the equivalent of less than 20 pips on the move.

I repeat: The only things that matter are percent gain or dollar gain.

To go against AiWoz above, I think that % of profitable trades is useful since it gives you an idea of how successful you have been in identifying trades with positive outcomes. Yes, I know that some traders maintain that you can be profitable with less than 50% win rate based on the premise that they have a good RR ratio. I have yet to meet one of these traders.

Thanks....i simple calculcated the difference of days first and last candle.....and NOT trading days!
->version 1.31 :-)
Some traders like in robinho thread tried not to optimize the pips they try to win every trade with some pips...that was the ideas compare % against sum.....
But thats I did here max the sum and have a view to have enough pips for every trade not that the spread eats too much of the winning pips!

Thank you all for the comments very helpful for me!

There are many profitable traders with lower than 50% profitable trades.

On the other side, you can easily have access to some of the brokers data. What do they show ? On most pairs, there are more winners than losers ! But people lose because they hold their losing position more than x2 their profitable position. I don't find them anymore, but the GBPJPY data are frightening!

The % of profitable trades just can't be dissociated with the money management strategy, otherwise it becomes meaningless.


About your declaration that the most important is the money gain or percent gain, or account balance for another poster:

- It was not the question asked by the OP. If she ask us to choose among those, there must be a reason (that we may not fully grasp).

- It makes sens in a global point of view, so it allows you to compare the results of several pairs (a pip of EUR/GBP has more weight than a xxx/NZD). But at the micro level, it is the same as long as money management is the same among pairs traded.